Assume That the Physical Property of a Business Is Valued

question 125

Multiple Choice

Assume that the physical property of a business is valued at R5 000 000.The company's commercial property policy contains a coinsurance clause with a stated percentage of 80 per cent.The company insures the property for R3 000 000 (75 per cent of the specified minimum) .The company incurs a fire loss of R2 000 000.How much of the loss will the insurance company pay for?

• A)R0
• B)R1 500 000
• C)R2 000 000
• D)R1 000 000

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Definitions:

Fall Risk

The likelihood of an individual experiencing a fall, which may result in injuries, often evaluated in elderly or those with physical impairments.

Goal Achievement

The act of reaching a set target or objective, often requiring planning, effort, and perseverance.

Shift Change

The process in workplaces, especially in healthcare or services, where employees transition between working periods or shifts.

Wound Healing

The biological process by which the skin or body tissue repairs itself after an injury, involving a series of stages including inflammation, tissue formation, and remodeling.